By : Marwa Mahmoud
The Wall Street Journal revealed that Saudi investigators are chasing the suspected corruption suspect, Saad Al-Jabri, who has become an international fugitive.
The newspaper, in a report, said that Al-Jabri, who used to work in the Saudi Ministry of Interior, was charged with his family members and others close to him of spending nearly $ 11 billion in government funds.
The newspaper cited Saudi accusations of the Saad Al-Jabri Corruption Network, which proves that its officials are enriching while working abroad and transferring funds from external accounts to themselves.
Al-Jabri left Saudi Arabia in 2017 and currently lives in Toronto. Canada has not agreed to hand him over to the Saudi authorities.
Al-Jabri, 61, holds a PhD. In computer science, he was the second most influential figure in the Saudi Ministry of Interior, which was run by Prince Muhammad bin Nayef for years.
Al-Jabri managed a special fund for the ministry that is used for government spending on counter-terrorism efforts.
During the 17 years that he oversaw the fund, about $ 19.7 billion was poured into it, as Saudi investigators say $ 11 billion was spent incorrectly, including offshore bank accounts controlled by Al Jabri, his family, and partners.
The Jabri regime lasted for years with the tacit knowledge and approval of US intelligence agencies, according to former CIA officials.
Affiliated companies of the Al Jabri family entered into a partnership with American military suppliers, which generated profits from the Saudi government’s purchases of these companies and the funds flowing through international banks such as HSBC, according to current and former U.S.
The Al Jabri Fund was created by the late King Abdullah to eliminate local terrorism after the September 11 attacks, and the strategy was to enhance the spending capacity of the Ministry of Interior by allowing it to retain 30% of revenue from issues such as renewal passport, visa fees, and speed violations.
After a few years, the amount was raised to 45%. Counter-terrorism money has been distributed mostly through partnerships with private sector companies to move quickly, avoid bureaucracy and do things secretly.